Cable Is Quoted at 1

Question 516

Multiple Choice

Cable is quoted at 1.5575-80 and you say "5 yours!" to the broker. What have you done?

A) Sold USD 5,000,000.00 at 1.5575
B) Sold GBP 5,000,000.00 at 1.5575
C) Bought GBP 5,000,000.00 at 1.5580
D) Bought USD 5,000,000.00 at 1.5580

Related Questions

Q511: The seller of a call option has:<br>A)

Q512: Which statement about modern matched-maturity transfer pricing

Q513: Spot EUR/USD is 1.3050-53 and EUR interest

Q514: A bank that has quoted a firm

Q515: The mid-rate for USD/CHF is 0.9300 and

Q517: The one-month (31-day) GC repo rate for

Q518: Which of the following statements is true?<br>A)

Q519: What is the name of the reference

Q520: What should be done when a voice

Q521: What is the purpose of an initial